Dollar hit by Moody's warning

From WSJ.com:

US Treasuries and the dollar were hit yesterday by the ratings agency Moody’s warning that it might review the US government’s Aaa debt rating for a possible downgrade as early as next month, unless politicians in Washington can come to an agreement on cutting the deficit and raising the debt ceiling.

Moody’s also put Bank of America, Citigroup and Wells Fargo on review for possible downgrades, noting that these banks’ ratings have been buoyed by government support for the banking sector. However, in light of the passage of last year’s Dodd-Frank financial reform Bill, these banks may not be able to count on the same level of government support in the event of a future crisis – something that has negative implications for their credit ratings.